Nitro Finance
Welcome to Nitro Finance - The first BSC yield farming platform to scale your farming rewards by your holdings. The more NITRO you hold in your wallet, the more rewards you get using our platform!
Introduction
NitroFinance is a next-generation automatic liquidity acquisition yield farm running on Binance Smart Chain. This platform guarantees consistently high rates of returns because HODLing is REQUIRED in order to achieve high APY. Furthermore, ONLY SELLS are taxed! There is no tax to buy. This further mitigates the negative price impact of harvesting.
Main Features
We have integrated the ground-breaking features from EverRise, TikiRise, and Nafter to bring you a next-evolution farming platform.
Holdings Multiplier
Your farming rewards will be scaled by the fraction of the supply that is present in your wallet. This means that if you stake 100% of your NITRO, your reward rate will be ZERO, because you have no NITRO in your wallet. The optimal strategy would be to stake half of your NITRO and keep the other half in your wallet.
Although this seems counter-intuitive, it is intended to both limit the sale pressure AND limit the inflation. By maintaining a lower but much more robust APY, we will have a healthy farming platform for a long time to come.
Automatic Liquidity: No tax to buy - only to sell!
Buying NITRO incurs zero tax. Selling incurs a 20% tax. 10% will be added to liquidity. 10% will be converted to BNB to buy back the token.
Harvest Lockup
To ensure that arbitrage bots do not constantly harvest and dump from the various farms and pools, we implemented a harvest lockup strategy to limit the frequency of harvests. The lockup times are 5 days for ALL garages and stations. This will ensure periods of continued growth in between harvests.
Harvest lockup timers begin as soon as you start staking, which means the earlier you stake, the earlier you harvest.
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